Few have suffered more from Trump’s approach than the country’s agricultural sector. Already forced to pay more for the equipment they use as a result of increased tariffs on imported metals, they must now contend with reduced export opportunities as foreign retaliatory measures take effect. This is no small matter, with U.S. farmers exporting more than 20 percent of what they produce. Canada, China and Mexico, the top three destinations for American harvests, have all imposed tariffs on U.S. agricultural goods in response to Trump’s actions. China, which alone purchases 30 percent of all U.S. soybean production, has slapped a 25 percent tariff on the product.
China also figures into the trade war in another way. Given the country’s appetite for Treasury securities, we can almost rest assured that Chinese money will be used to help fund the farm bailout should additional borrowing be needed. That is to say, the United States could find itself tapping China to help fund a trade war that is largely aimed at the very same country.

The U.S. federal deficit for July totalled $76.9 billion, pushing the total figure for the first 10 months of the fiscal year to $684 billion—up almost 21 percent on this time in 2017.
A combination of increased spending and reduced tax intake have conspired to push the deficit higher, with President Donald Trump’s administration now estimating that the total figure will top $1 trillion in 2019, CBS News reported.
Trump vowed to cut the deficit when running for president in 2016, regularly bashing Barack Obama’s economic policies that saw the shortfall swell to well above $1 trillion during his time in office. He even promised to wipe out the national debt, though offered no suggestion of how that might be achieved. But now that he is in the Oval Office, the president seems less worried about the runaway numbers.

Um, listen up, pal: The TRADE DEFICIT is worse under Trump than it EVER was under Obama. You know, the trade deficit that your President Trump promised to FIX?!? Have you forgotten about that? It is higher today than at any time since 2008. That was BEFORE Obama took office, see??

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